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if Congress doesnt make any changes by 2032 we expect a 20 cut of Social Security benefits across the board this was the latest finding in the 2023 Social Security trustee report now what does this mean for your retirement if the social security system isnt fixed if it isnt made solvent what does a reduction in benefits mean for your optimal Social Security filing strategy in so many situations I see a current retiree that might have an optimal filing strategy of age 68 and theyre looking at this potential reduction in benefits and they think okay if there is a 20 reduction how does this shift my filing strategy and they immediately look at filing as soon as possible but if we look at the Hard numbers is this actually the case would a 20 cut shift your Social Security strategy that substantially now know that I had a little hesitation even in recording this video I dont want to give a ton of attention to a lot of the fear-mongering articles that are so prevalent in the news today